Nordea Investment Management AB Sells 1,120 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Nordea Investment Management AB cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,870 shares of the energy company’s stock after selling 1,120 shares during the period. Nordea Investment Management AB’s holdings in Cheniere Energy were worth $22,339,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cheniere Energy during the third quarter valued at about $27,000. Carolinas Wealth Consulting LLC increased its stake in Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after buying an additional 150 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Cheniere Energy during the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Cheniere Energy in the 2nd quarter worth approximately $30,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Cheniere Energy in the third quarter valued at approximately $53,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $225.16 on Thursday. The firm has a market capitalization of $50.52 billion, a P/E ratio of 14.38 and a beta of 0.99. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $228.10. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The business has a fifty day moving average price of $213.57 and a 200-day moving average price of $192.17.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.37 earnings per share. As a group, equities research analysts forecast that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. Cheniere Energy’s payout ratio is currently 12.77%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays lifted their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Bank of America initiated coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Royal Bank of Canada raised their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. UBS Group lifted their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Wells Fargo & Company increased their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $225.00.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.